Afren Forum

Afren is in Free fall because there has been no serious signs of an offer from Seplat!

RE: Yes news could be issued That Afren is going out of business

Afren won't go that high, Seplat will say god luck with your creditors and walk before over spending on a company with a bad history. Seplat might be vultures and will pick at the bones when Afren is dead

mrcatious.....they hold it down by filling the buys and going short, it doesn't harm them because they know they won't allow the price to deviate, so no risk!

I have to disagree completely. I use to work as a broker, not in the UK.....but the fundamentals are very similar no matter where. The Market Makers and Investment companies who bring these companies into the market are responsible for the shares and have a duty of care to not allow a share price to crash when there is no news of such events. Afren on the other hand is going through volatility due to its position and many other market influences and these are the kind of companies Investment Banks target because they can move the share price because of its low Market Cap. I've been in a room when these discussions take place and believe me they have more capital and leverage than the Market Cap of Afren to do as they please for their profits. If you are not part of these plans you will not have a chance to know which way they are going to take it because of their many different positions open including Shares, CFDs and other subsidiary accounts. I don't know where Afren is going, but these MM's are in here and all I know is you will bet up or down make profit or lose because only they know where the price will be when they take it their and offload, if you are on the wrong side of their wave you will lose and if you ride it you will profit with them....simple as that. Im not ramping or deramping here as I've taken my gamble that I can afford, but don't tell private investors that these kind of moves are not manipulated! Good luck to everyone

Oh God!! They are all in there as well!!!

Sorry Odard but when a share is getting heavily traded you have to put up with the ignorant. Have a look at IRG, it's a certain cure for insomnia.

That's me done on this forum. Anyone recomend a forum that people just post investment related stuff and that doesn't decend into name calling. Sorry but I'm 41 and left school a very long time ago.

volume is very light, looking at market viewer, soon as it trades up there is a flow of sells that pop up....This is either collecting or selling to PI's for Moday...

Looks like they are going to let it drift like yesterday, volume looks low again.....